ECONOMIC DEVELOPMENT CENTER OF WASHINGTON COUNTY INC (EIN 208973389) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Phone

6623783141

Tax Period

2023-01-01 to 2023-12-31

ECONOMIC DEVELOPMENT CENTER OF WASHINGTON COUNTY INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $756K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE AND ASSIST IN ECONOMIC DEVELOPMENT, JOB CREATION AND JOB TRAINING FOR WASHINGTON COUNTY, MS AND SURROUNDING AREAS. TO PROMOTE AND ASSIST EXISTING BUSINESSES IN THE AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $738,753

Program Service Revenue $0

Investment Income $4,827

Other Revenue $12,071

TOTAL REVENUE $755,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,669

Fundraising Expenses $0

Program Expenses $771,146

Other Expenses $390,613

TOTAL EXPENSES $749,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$755,651	$644,722	+0.2%
Expenses	$749,282	$564,268	+0.3%
Net Income	$6,369	$80,454	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$70,518

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HILLARY BOGGS	Controller	40.00	Officer	$70,518	$0	$70,518
MARK HOOKER	Treasurer	0.00	Officer	$0	$0	$0
DREW NEWSOM	Vice President	0.00	Officer	$0	$0	$0
PARKER ENGLAND	Chairman	0.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$755,651	$749,282	$632,801	$6,369
2022	$644,722	$564,268	$607,038	$80,454
2021	$650,505	$596,221	$526,791	$54,284
2020	$614,968	$510,730	$475,892	$104,238
2019	$582,039	$541,794	$345,494	$40,245

ECONOMIC DEVELOPMENT CENTER OF WASHINGTON COUNTY INC